MIRAGES
Yeah, pretty much. To quote a great man, "What'll happen to the economy if we stop making nuclear weapons? You know, the economy that's fake."
Yeah, pretty much. To quote a great man, "What'll happen to the economy if we stop making nuclear weapons? You know, the economy that's fake."
August 28th, 2008 at 4:11 pm
Yup, when you use numbers that don't include the inflationary impact of higher oil prices (oil is taken out of the bundle they use for this), looking good USA!
http://bigpicture.typepad.com/comments/2008/08/are-you-measuri.html
Best commenter, part I wish I wrote:
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the GDP price inflator doesn't account for price hikes in oil imports.
are we experiencing inflation? yes. but it is a result of import price increases. domestically, thanks to crashing credit availability, i think we're actually experiencing something closer to a deflationary environment.
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